NOT LISTED FOR SALE

24001 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $7,170,000 - $17,275,408

4 Beds
4.5 Baths
3,277 Sq Ft
$3,379/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $6,950,000 $2,121 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $65,367/month

42 Days on Market

Highlights

  • Ocean Front
  • Wine Cellar
  • 20,717 Sq Ft lot
  • Webster Elementary School Rated A
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of December 2017

Commanding masterwork of architect D.Monti, this modern tour de force, discretely benched onto a private, lushly landscaped, cliff-side pad on the most desirable stretch of Malibu Rd, providing city-to-ocean views. Impressive, semi-private drive leads to motor ct & secured entry through massive iron portico, dominated w/shimmering vistas of the Pacific from every rm. Perfectly scaled sunlit public spaces: great rm, din rm, center island kit w/every bell & whistle imaginable - all opening to generous patios, outdoor kit, din & liv areas, sharing the panorama of the Queens Necklace & beyond. Extensive use of stone, concrete, wood & organic finishes encompasses 4 bd, 4.5 ba, including master w/soaring ceilings, luxe spa-quality bath, outdoor sitting rm & ocean vistas. Enormous lot, above Malibu Rd insulates the pty from any further development. All this w/beach access a stone's throw from your front door. A sophisticated home, rebuilt in 2013, w/uncommon attention to detail.

Last Agent to Sell the Property

Noah Applebaum

Compass License #02019578 Listed on: 09/28/2017

Compass

Co-Listed By

Tregg Rustad

Rodeo Realty License #01349144

Last Buyer's Agent

Janelle Orange-Williams

Avenue 8, Inc. License #01986314

Avenue 8, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 0.48 Acre Lot
  • Ocean Front
  • Property is zoned LCR140

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Property Views

  • White Water Ocean
  • Panoramic

Home Design

  • Metal Roof
  • Wood Siding
  • Metal Siding
  • Stucco

Interior Spaces

  • 3,277 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Formal Entry
  • Wine Cellar
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Security System Owned

Kitchen

  • Oven
  • Gas and Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Marble Countertops

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-018-026

Home Details

Home Type

Single Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Commanding masterwork of architect D.Monti, this modern tour de force, discretely benched onto a private, lushly landscaped, cliff-side pad on the most desirable stretch of Malibu Rd, providing city-to-ocean views. Impressive, semi-private drive leads to motor ct & secured entry through massive iron portico, dominated w/shimmering vistas of the Pacific from every rm. Perfectly scaled sunlit public spaces: great rm, din rm, center island kit w/every bell & whistle imaginable - all opening to generous patios, outdoor kit, din & liv areas, sharing the panorama of the Queens Necklace & beyond. Extensive use of stone, concrete, wood & organic finishes encompasses 4 bd, 4.5 ba, including master w/soaring ceilings, luxe spa-quality bath, outdoor sitting rm & ocean vistas. Enormous lot, above Malibu Rd insulates the pty from any further development. All this w/beach access a stone's throw from your front door. A sophisticated home, rebuilt in 2013, w/uncommon attention to detail.
  • Entry Location: Ground Level - no steps
  • Living Area: 3277
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1979
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floor Plan, Recessed Lighting
  • Fireplace Rooms: Dining, Living Room, Master Bedroom
  • Flooring: Marble, Wood
  • Appliances: Built-In BBQ, Gas/Electric Range, Microwave, Oven, Range Hood
  • Bedrooms: 4
  • Fireplaces: 3
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room
  • Three Quarter Bathrooms: 0
  • Eating Areas: Formal Dining Rm, Kitchen Island
  • Kitchen Features: Island, Marble Counters
  • Laundry: Laundry Area
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Barbeque, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2212.39

Exterior Features

  • Construction: Glass, Metal Siding, Stucco, Wood Siding
  • Tennis Court Y/N: No
  • Patio: Covered, Deck(s)
  • Pool: No
  • Roof: Metal
  • Spa Yn: No
  • View: Ocean, Panoramic, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Owned
  • Sewer: Septic Tank
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Horses: No
  • Assessor Parcel Number: 4458-018-026
  • Geocode Override: No
  • Lot Size Area: 20717

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 1

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Nov 14, 2017
Sold by
Kern Russell and Russell Kern Trust
Bought by
Ruchefsky Steven and Charleston Rondi
Seller's Agent
Noah Applebaum
Compass
Buyer's Agent
Janelle Orange-Williams
Avenue 8, Inc.
List Price
$7,250,000
Sold Price
$6,950,000
Premium/Discount to List
-$300,000
-4.14%
Current Estimated Value
$11,071,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,121,469
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Feb 10, 2014
Sold by
Kern Russell
Bought by
Kern Russell and Russell Kern Trust

Purchase Details

Closed on
May 16, 2012
Sold by
Kern Lynne A
Bought by
Kern Russell M

Purchase Details

Closed on
Dec 24, 2010
Sold by
Kern Lynne A
Bought by
Kern Russell M

Purchase Details

Closed on
Jul 6, 2005
Sold by
Kern Russell M and Kern Lynne A
Bought by
Kern Russell M and Kern Lynne A

Purchase Details

Closed on
Jul 21, 2001
Sold by
Walker Don W and Walker Mary
Bought by
Kern Russell M and Kern Lynne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%

Purchase Details

Closed on
Apr 14, 1999
Sold by
Walker Don W and Walker Mary
Bought by
Walker Don W and Walker Mary

Purchase Details

Closed on
May 31, 1995
Sold by
Townsend T Brook and Townsend Barbara Lyon
Bought by
Walker Don W and Walker Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ruchefsky Steven $6,950,000 Equity Title Company
Kern Russell -- None Available
Kern Russell M -- None Available
Kern Russell M -- Lsi
Kern Russell M -- Lsi
Kern Russell M -- --
Kern Russell M $1,600,000 --
Walker Don W -- Continental Title
Walker Don W $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kern Russell M $1,000,000
Previous Owner Walker Don W $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2017 12/11/17 Sold $6,950,000 -4.1% $2,121 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $7,250,000 -- $2,212 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $90,378 $7,948,068 $7,282,105 $665,963
2024 $90,378 $7,792,224 $7,139,319 $652,905
2023 $88,715 $7,639,436 $6,999,333 $640,103
2022 $87,657 $7,489,644 $6,862,092 $627,552
2021 $85,620 $7,342,790 $6,727,542 $615,248
2019 $26,988 $2,234,622 $1,704,898 $529,724
2018 $25,610 $2,190,807 $1,671,469 $519,338
2017 $25,496 $2,147,851 $1,638,696 $509,155
2016 $24,668 $2,105,737 $1,606,565 $499,172
2015 $24,338 $2,074,107 $1,582,433 $491,674
2014 $23,986 $2,033,479 $1,551,436 $482,043
Source: Public Records

Agents Affiliated with this Home

  • Noah Applebaum

    Seller's Agent in 2017

    Noah Applebaum

    Compass

    (310) 724-7100

    14 Total Sales

    Noah Applebaum
    Section Image
  • Tregg Rustad

    Seller Co-Listing Agent in 2017

    Tregg Rustad

    Rodeo Realty

    (310) 428-3356

    168 Total Sales

    Tregg Rustad
    Section Image

  • J

    Buyer's Agent in 2017

    Janelle Orange-Williams

    Avenue 8, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 17-274824

The MLS

APN: 4458-018-026

California Los Angeles County Malibu 90265 Malibu Road

24001 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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